Logan Ridge Finance Corp.: The Team Continues To Execute Their Calculated Turnaround [Seeking Alpha]
Logan Ridge Finance Corporation (LRFC)
Company Research
Source: Seeking Alpha
Logan Ridge Financial is undergoing a successful turnaround, reducing equity exposure from ~32% to ~15% and repurchasing shares to enhance shareholder value. The company offers a ~6% dividend yield, with potential for a ~10% shareholder yield through continued stock buybacks. A merger with Portman Ridge at NAV would eliminate $4m in redundant costs, boosting free cash flow to equity significantly. Despite challenges, confidence remains high in CEO Ted Goldthorpe's ability to finalize the merger, benefiting both Logan Ridge and Portman Ridge shareholders. Viktor Tanasiichuk/iStock via Getty Images The following segment was excerpted from this fund letter. Logan Ridge Finance Corp. ( NASDAQ: LRFC ) is a BDC (Business Development Company) that provides financing to small and midsize private companies in the form of either debt or equity. This is an option of financing for those companies that outgrow their local bank but aren't big enough for Wall Street or larger banks. It
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LRFC
News
- Logan Ridge (LRFC) Is a Great Choice for 'Trend' Investors, Here's Why [Yahoo! Finance]Yahoo! Finance
- Logan Ridge Finance Corp (LRFC) Q3 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]Yahoo! Finance
- Logan Ridge Finance Corporation Announces Third Quarter 2024 Financial ResultsGlobeNewswire
- Logan Ridge Finance Corp (LRFC) Q3 2024 Earnings Report Preview: What to Look For [Yahoo! Finance]Yahoo! Finance
- Logan Ridge Finance Corporation Schedules Third Quarter 2024 Earnings Release and Conference CallGlobeNewswire
LRFC
Sec Filings
- 11/7/24 - Form 8-K
- 11/7/24 - Form 10-Q
- 10/8/24 - Form 40-17G
- LRFC's page on the SEC website